Buy now, pay later (BNPL) provider Affirm introduced a promotion across the United States, offering shoppers interest-free payment plans as the holiday season approaches.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .The event, called 0% Days, will run from Oct. 22 to 24, giving users of the Affirm app or Affirm Card access to thousands o ...

Affirm Holdings, Inc. (NASDAQ:AFRM) is one of the best stocks to invest in right now. On September 16, Mizuho Securities analyst Dan Dolev maintained a Buy rating on Affirm Holdings, Inc. (NASDAQ:AFRM) and set a price target of $100.00. “I Think the World of Affirm… But Nothing Changes Until Earnings” – Jim Cramer on AFRM’s Path Affirm Holdings, Inc. (NASDAQ:AFRM) reported in its fiscal Q4 2025 earnings that Gross Merchandise Volume (GMV) rose 43% to $10.4 billion, supported by strength with its “largest ...

Group 1 - Affirm Holdings Inc. (NASDAQ:AFRM) is recognized as a strong candidate for day trading, with a Buy rating from Evercore ISI and a price target of $100, indicating a potential upside of nearly 15% [1] - The company reported over 30% revenue growth, supported by more than 23 million active U.S. users and 50 million Americans underwritten [2][4] - Merchant-funded 0% installment offers increased by 90% in the last quarter, and the Affirm Card is gaining traction through partnerships like FIS [3][4] Group 2 - Affirm is focusing on expanding its U.S. e-commerce presence, scaling in the U.K., and entering new markets, while maintaining a strong lending record with repayment rates near 98% [4] - The company specializes in Buy Now, Pay Later (BNPL) services, partnering with merchants to offer consumer-friendly installment options, including 0% interest offers [5]

Summary of Affirm's FY Conference Call - September 10, 2025 Company Overview - **Company**: Affirm (NasdaqGS:AFRM) - **Industry**: Buy Now Pay Later (BNPL) Key Highlights 1. **Fiscal Q2 2025 Performance**: - Affirm reported a **43% year-over-year growth in GMV** (Gross Merchandise Volume) driven by strong demand for **0% APR loans** [4][5] - Achieved **operating income profitability** for the first time on a GAAP basis, marking a significant milestone [5] - **RLTC** (Revenue Less Transaction Costs) increased by **37% year-over-year** [5] - Adjusted operating income margin reached **27%, up four percentage points year-over-year** [5] 2. **Affirm Card Growth**: - GMV from the Affirm Card more than **doubled year-over-year**, with a **132% increase** [6] - The number of cardholders grew by **93%**, achieving a **10% attach rate** [6] - The card segment now constitutes over **10% of total GMV** [6] 3. **Market Trends**: - The BNPL industry is experiencing significant growth, outpacing e-commerce growth [6] - BNPL is becoming mainstream, with consumers and merchants increasingly expecting BNPL options at checkout [6][7] 4. **Offline Market Opportunity**: - Currently, offline transactions account for less than **3% of total GMV**, while the offline market is **six times larger than online** [8] - Affirm sees substantial growth potential in capturing offline market share [8] 5. **FY26 Guidance**: - Affirm expects GMV growth of **36% to 37%** for the first fiscal quarter and a minimum of **25.5%** for FY26 [9][10] - The company anticipates continued GAAP profitability [10] 6. **Consumer Health and Delinquency Rates**: - Overall consumer health remains strong, with **30+ day delinquencies down** year-over-year [13][14] - Charge-off rates for monthly installment products are approximately **3.5%**, and for Pay in 4 loans, around **60 basis points** [14] 7. **Funding Environment**: - The funding environment is described as **constructive**, with strong demand for Affirm's loans [16][18] - Affirm maintains a diversified funding strategy, utilizing both on-balance sheet and off-balance sheet funding [21][23] 8. **International Expansion**: - Affirm has launched in the UK and is exploring further expansion into markets like Australia, Netherlands, France, and Germany [12][58] - The company plans to leverage existing partnerships, such as with Shopify, to facilitate international growth [60] 9. **Competitive Differentiation**: - Affirm emphasizes long-term partnerships with funding sources, differentiating itself from competitors who may focus on short-term transactions [61][62] - The company prides itself on superior underwriting capabilities and a comprehensive product offering [63][64] 10. **Adaptive Checkout**: - Affirm's Adaptive Checkout allows for customized offers for each transaction, enhancing consumer experience and improving conversion rates [45][48] Additional Insights - Affirm's strategy includes a focus on data accumulation to improve underwriting and offer personalization [48] - The company is committed to maintaining strong credit outcomes, which are essential for sustaining funding relationships [19][65] - Affirm's approach to funding is characterized by a focus on sustainable growth and efficient capital access [65][66]

Group 1: FinTech IPO Index Performance - The FinTech IPO Index experienced a slight gain of 0.5% during a trading week shortened by the Labor Day holiday [1] Group 2: Opendoor Stock Movement - Opendoor's stock surged over 48%, continuing its volatile trading pattern, with notable support from Eric Jackson, who suggested significant future upside potential [2] - Katapult's shares increased by approximately 39.6%, despite the absence of specific company news [2] Group 3: Affirm's Financial Results - Affirm's shares rose about 15.5% following the release of its latest results, which showed new highs in several business lines for the June quarter [3] - Gross merchandise volume (GMV) for Affirm soared 34% to $10.4 billion, while revenues increased by 33% to $876 million [4] - The Affirm Card's GMV grew 132% to $1.2 billion, with active cardholders rising 97% to 2.3 million [4] Group 4: nCino's New Product Launch - nCino launched ProBanker by FullCircl, aimed at providing regulated businesses with end-to-end client lifecycle management [4] - An initial pilot with a major U.K. bank indicated that ProBanker helped identify potential credit risks six months earlier than current processes [6] Group 5: dLocal Share Pricing - dLocal priced 15 million Class A common shares at $12.75 per share, with no proceeds going to the company from this offering [7] - The company's stock declined by 11.3% following this announcement [7]

Core Insights - Affirm Holdings, Inc. (AFRM) is enhancing its 0% annual percentage rate (APR) monthly installment loan offerings to increase consumer spending and expand its presence in the Buy Now, Pay Later (BNPL) market, positioning itself as a consumer-friendly alternative to traditional credit cards [1][8] Company Strategy - The company aims to convert first-time users into loyal customers by emphasizing affordability and value, which simplifies the checkout process for larger purchases [2] - Affirm earns fees from merchants for facilitating sales, particularly benefiting from higher fees associated with 0% APR financing products [2] Performance Metrics - In Q4 FY25, the gross merchandise volume (GMV) from 0% APR monthly installment loans increased by 93% year over year [3] - The visibility and accessibility of 0% APR offers on the Affirm Card led to a more than tripling of 0% APR GMV on the card compared to the previous year [3] - Spending in stores using the Affirm Card surged by 187% year over year in the same quarter, indicating strong consumer demand for interest-free installment options [3] Competitive Landscape - Competitors in the BNPL space include PayPal Holdings, Inc. (PYPL) and Sezzle Inc. (SEZL), with PayPal reporting 438 million active accounts and a 5% year-over-year increase in net revenues in Q2 2025 [5] - Sezzle's GMV grew by 74.2% year over year in Q2 2025, with total transactions rising by 62.6% to 8.2 million and a repeat usage rate of 96.4% [6] Financial Overview - Year-to-date, AFRM's shares have increased by 35%, outperforming the industry average rise of 19.5% [7] - The forward price-to-sales ratio for AFRM is 6.52, above the industry average of 5.68, and it carries a Value Score of F [9] - The Zacks Consensus Estimate for Affirm's fiscal 2026 earnings suggests a 400% growth from the previous year, with a revenue growth estimate of 19.6% year over year [10]

Core Insights - Affirm Holdings, Inc. (AFRM) is launching the Affirm Card, which combines features of traditional debit and credit cards, allowing users to pay upfront, in installments, or through personalized financing offers [1][4] - The card aims to attract modern consumers seeking control and flexibility in their spending, helping Affirm to transform one-time shoppers into repeat customers and strengthen merchant relationships [2][3] Financial Performance - In Q4 of fiscal 2025, Affirm reported a Gross Merchandise Volume (GMV) of $1.2 billion for the Affirm Card, a 132% increase year over year, with active cardholders rising 97% to 2.3 million [3][8] - In-store transactions using the Affirm Card increased by 187% year over year, indicating a growing preference for the card in everyday purchases [3][8] Competitive Landscape - Competitors like PayPal and Sezzle are also performing well, with PayPal reporting 438 million active accounts and net revenues of $8.3 billion, a 5% year-over-year increase [5] - Sezzle reported 2.9 million active consumers and total revenues of $98.7 million, growing 76.4% year over year [6] Valuation and Estimates - Affirm's shares have increased by 101.5% over the past year, outperforming the industry average of 39.6% [7] - The Zacks Consensus Estimate for Affirm's fiscal 2026 earnings suggests a 400% growth from the previous year, with a revenue growth estimate of 19.6% year over year [9] - Affirm currently trades at a forward price-to-sales ratio of 7.02, above the industry average of 5.71, indicating a lower value score [11]

Market Performance - The CE 100 Index posted a 0.5% gain leading into the Labor Day weekend, contrasting with declines in broader benchmarks like the Nasdaq and S&P 500 [1] - Over the past 5 days, the CE 100 rose by 0.47%, while the Nasdaq fell by 0.27%, S&P 500 by 0.04%, and Dow by 0.12% [3] - Year-to-date, the CE 100 has increased by 16.59%, outperforming the Nasdaq (11.57%), S&P 500 (10.06%), and Dow (7.19%) [3] - In the past year, the CE 100 saw a 33.75% increase, significantly higher than the Nasdaq (21.19%), S&P 500 (15.53%), and Dow (10.19%) [3] Company Highlights - MongoDB's stock surged over 44% following earnings, reporting total revenue of $591.4 million, a 24% year-over-year increase, with subscription revenue at $572.4 million (23% increase) and services revenue at $19 million (33% increase) [6] - MongoDB's Atlas cloud platform revenue grew 29% year-over-year, contributing 74% of total Q2 revenue, with 2,800 new customers added, totaling over 59,900 customers [6] - Snowflake's stock advanced 21.3%, reporting product revenue of nearly $1.1 billion, reflecting a 32% year-over-year growth, with overall revenue also at $1.1 billion [7] - Snowflake has 654 customers generating over $1 million in trailing 12-month product revenue, indicating strong enterprise metrics [7] Sector Trends - The Buy Now, Pay Later (BNPL) segment showed continued momentum, with Affirm reporting gross merchandise volumes soaring 34% to $10.4 billion and revenues increasing by 33% to $876 million [8] - Affirm Card gross merchandise volume grew 132% to $1.2 billion, with active cardholders increasing by 97% to 2.3 million, and in-store spending on those cards rising 187% year-over-year [8] - Authvia integrated Visa's real-time money movement capabilities, allowing for real-time disbursements across various industries, enhancing its TXT2PAY capabilities [9] - Mastercard partnered with Circle to enable the settlement of USDC and EURC stablecoins for acquirers in Eastern Europe, the Middle East, and Africa, facilitating digital trade in emerging markets [10] Other Company Developments - Ocado shares fell by 5.9% within the Shop pillar, while Walmart's shares remained slightly positive as the company supports U.K. and European businesses to utilize its online marketplaces for cross-border sales [11] - Walmart will host a UK Walmart Seller Summit to provide insights and guidance for manufacturers and exporters [11]

Core Insights - Affirm Holdings, Inc. (AFRM) reported a fourth-quarter fiscal 2025 earnings per share (EPS) of 20 cents, exceeding the Zacks Consensus Estimate of 11 cents and improving from a loss of 14 cents per share in the prior-year quarter [1][9] - Total revenues increased by 33% year over year to $876.4 million, surpassing management's expectations of $815-$845 million and beating the consensus mark by 4.4% [1][2] Financial Performance - Gross Merchandise Value (GMV) reached $10.4 billion, a 43% year-over-year increase, exceeding management's expected range of $9.4-$9.7 billion and the Zacks Consensus Estimate of $9.5 billion [3][9] - Total transactions surged by 51.8% year over year to 37.5 million, driven by repeat customer transactions, surpassing the consensus mark of 30.3 million [4][9] - Interest income rose by 24% year over year to $419.1 million, beating the Zacks Consensus Estimate of $416.1 million [4] - Merchant network revenues improved by 32.3% year over year to $239.5 million, exceeding the consensus mark of $235 million [5] Operating Expenses and Income - Total operating expenses increased by 11.7% year over year to $818.4 million, influenced by higher costs related to loan purchase commitments, funding, processing, and technology [6] - Adjusted operating income totaled $237 million, a 58.2% year-over-year increase, with an adjusted operating margin improving by 430 basis points to 27%, surpassing management's estimated range of 23-25% [7] Financial Position - As of June 30, 2025, Affirm had cash and cash equivalents of $1.4 billion, a 33.7% increase from the fiscal 2024-end figure [8] - Total assets rose by 17.2% to $11.2 billion, while funding debt decreased by 11.7% to $1.6 billion [8] Future Guidance - For the first quarter of fiscal 2026, Affirm forecasts GMV in the range of $10.1-$10.4 billion and revenues between $855-$885 million [11] - For fiscal year 2026, management anticipates GMV to exceed $46 billion, with revenues expected to be 8.4% of GMV and an adjusted operating margin of more than 26.1% [12]

FY Q4 2025 Earnings Supplement August 28, 2025 Safe Harbor Statement/Use of Non-GAAP Financial Measures Cautionary Note About Forward-Looking Statements This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including state ...